LONDON -(Dow Jones)- BAE Systems PLC (BA.LN), a defense and aerospace company, is planning a benchmark-size, sterling-denominated, 10-year senior unsecured bond, one of the banks running the deal said Wednesday.
Initial price thoughts are in the area of 250 basis points over the reference U.K. gilt.
Bank of America Merrill Lynch, BNP Paribas SA, Lloyds Banking Group PLC and Royal Bank of Scotland Group PLC are the lead managers of the sale.
The issuer is rated Baa2 by Moody's Investors Service Inc. and BBB+ by Standard & Poor's Corp. and Fitch Ratings.
-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; firstname.lastname@example.org
(END) Dow Jones Newswires
May 30, 2012 05:54 ET (09:54 GMT)
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